Is the borrower already in a purchase and sales contract?
If so, have they put any earnest money down?
If so, how much earnest money was put down?
If so, has the borrower entered into this purchase and sales agreement all cash?
If you have an exact closing date, also please list the date as well.
Current Fair Market Value of property:
How much money does the borrower have to contribute towards the transaction?
Will this property be turned into a different property type? (Ex, will a bedroom, bathroom, a floor, or more square footage be added to the property?)
Loan amount requested by borrower?
Is this the borrowers first rehab deal?
How many investment properties has the borrower successfully flipped in the last 24 months?
How many investment properties has the borrower sold in the past 3 years? These properties could have been bought at any time. This must be an investment property that the borrower has never lived in.
Can the borrower prove the bought and sold properties with Hud-1’s or settlement statements in their company name or personal name?
Can the borrower prove the bought and sold properties with company operating agreements if they do not have Hud-1’s or settlement statements?
How many additional investment/rental properties does the borrower currently own?
Is the borrower already working with another broker or lender?
What is special about your deal?